LEASE COMMITMENTS

12 Months Ended

Dec. 31, 2016

LEASE COMMITMENTS [Abstract]

LEASE COMMITMENTS

NOTE 9 - LEASE COMMITMENTS

The Company’s operations are conducted from a leased facility, which is under an operating lease that expires on July 31, 2020. Rental expenses under operating leases were $291,016 and $285,565 for the years ended December 31, 2016 and 2015, respectively.

Future minimum lease payments for noncancelable operating leases at December 31, 2016 are as follows:

	Operating Leases
2017	$	171,561
2018		176,801
2019		182,197
2020		108,470
Total minimum lease payments	$	639,029